Transparency
Market Research Report Added "Nuclear
Reactor Construction Market". Nuclear reactor is
utilized for generating electricity in power plants. The energy
produced from the continuous fission of atoms in nuclear reactor is
harnessed as heat and is further utilized to produce steam. The steam
is utilized to drive the turbines which then generate electricity.
Power produced through nuclear reactors accounts for a reasonable
share of the total electricity produced across the globe. In nuclear
power plants, no combustion of any material takes place and no
harmful gas is produced such as carbon dioxide or carbon monoxide,
which pollutes the environment.
Currently, there are
more than 400 nuclear power reactors operating in the world. In the
year 2012 they contributed around 2600 billion kWh, about 12% of the
total electricity produced in the world. At present, more than 70
power reactors are being constructed in numerous countries such as
Russia, China and South Korea. Each year, the International Energy
Agency sets out the target for carbon reduction. After the Fukushima
accident, the World Energy Outlook 2011 has laid down certain
policies to increase nuclear capacity by 2035. Although the prospects
for nuclear power are weaker in certain regions than projected,
nuclear power continues to play a key role in providing base-load
electricity. Numerous OECD and non-OECD countries are expected to
install extra nuclear power plants, though there may be some delays
in terms of safety standards as existing and new power plants are
reviewed. Worldwide, nuclear power capacity is estimated to rise in
the new policy scenario. In the current scenario, IEA projects the
share of coal in total electricity to decrease from 40% to 30% by
2035.
It is notable that
in the last decade, more than 200 power reactors started up with an
average of one in every 20 days. These included 45 in the U.S., 40 in
France and 20 in Japan. However, with India and China getting up to
speed its nuclear energy, world energy demand is expected to double
by 2020. Increase in nuclear capacity in various countries is
resulting from the up gradation of its existing nuclear plants. This
is a highly cost effective way of increasing its capacity. Numerous
power reactors in countries such as Belgium, Germany and Sweden have
increased their generating capacity.
Get Free Sample
Report Copy :
On an average,
nuclear power plants had a life of 20 to 30 years, but some
assessments have established that they can operate for many more
years. In U.S, more than 60 reactors have been granted license to
extend their operating lives from 30 out to 50 years. The economic
and technical feasibility of replacing important reactor components,
such as steam generators and pressure tubes in heavy water reactors
has been demonstrated successfully.
On the other side,
regulatory, political and economic considerations have led to the
closure of some power reactors before their life span, especially in
the U.S, where reactor numbers have decreased from 125 to 1117.
Growing population and emerging economies are some of the key drivers
of the nuclear reactor market. However, difficulty in procuring raw
material for generating nuclear energy can hamper the growth of the
market. Large amount of opportunities are there for nuclear reactor
market as demand for electricity is increasing at a rapid rate in
Asia Pacific countries such as India and China.
Some of the key
companies in the business of Nuclear Reactor Construction are The
Babcock & Wilcox Company, Southern Company, Westinghouse Electric
Company LLC, TerraPower LLC, AREVA Group, Florida Power & Light
Company among others.
About Us :
Transparency Market
Research is a global market intelligence company, providing global
business information reports and services. Our exclusive blend of
quantitative forecasting and trends analysis provides forward-looking
insight for thousands of decision makers. Our experienced team of
Analysts, Researchers, and Consultants, use proprietary data sources
and various tools and techniques to gather, and analyze information.
Our data repository
is continuously updated and revised by a team of research experts, so
that it always reflects the latest trends and information. With a
broad research and analysis capability, Transparency Market Research
employs rigorous primary and secondary research techniques in
developing distinctive data sets and research material for business
reports.
No comments:
Post a Comment